Everence Capital Management Inc. Sells 5,030 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Everence Capital Management Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 42.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,887 shares of the basic materials company's stock after selling 5,030 shares during the period. Everence Capital Management Inc.'s holdings in Air Products and Chemicals were worth $2,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of APD. Thompson Investment Management Inc. acquired a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC boosted its stake in Air Products and Chemicals by 2,250.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company's stock valued at $34,000 after buying an additional 135 shares in the last quarter. Trifecta Capital Advisors LLC boosted its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, OFI Invest Asset Management boosted its stake in Air Products and Chemicals by 104.3% in the 1st quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company's stock valued at $42,000 after buying an additional 96 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the topic of several recent analyst reports. Vertical Research raised Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Citigroup boosted their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Barclays boosted their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.82.

Air Products and Chemicals Trading Down 0.2 %

NYSE APD traded down $0.54 on Monday, reaching $331.56. The company had a trading volume of 857,803 shares, compared to its average volume of 1,623,411. The stock's 50 day moving average is $289.56 and its 200-day moving average is $268.89. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.